GFL Environmental Inc. (NYSE:GFL) Given Consensus Rating of “Moderate Buy” by Brokerages

GFL Environmental Inc. (NYSE:GFL) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.6667.

A number of research firms have recently issued reports on GFL. Citigroup reduced their price target on shares of GFL Environmental from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. UBS Group raised their target price on shares of GFL Environmental from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Weiss Ratings lowered GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, February 9th. Royal Bank Of Canada increased their price target on GFL Environmental from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company initiated coverage on GFL Environmental in a research report on Thursday, November 13th. They set an “overweight” rating for the company.

GFL Environmental Price Performance

Shares of NYSE GFL opened at $43.27 on Tuesday. GFL Environmental has a twelve month low of $40.83 and a twelve month high of $52.00. The company has a current ratio of 0.58, a quick ratio of 0.69 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88. The business has a 50 day simple moving average of $43.18 and a 200-day simple moving average of $45.49.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.67 billion. GFL Environmental had a return on equity of 3.66% and a net margin of 56.61%.The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted ($0.58) earnings per share. As a group, equities research analysts expect that GFL Environmental will post 0.58 earnings per share for the current year.

GFL Environmental Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were issued a dividend of $0.0154 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. GFL Environmental’s payout ratio is 0.88%.

Institutional Trading of GFL Environmental

A number of large investors have recently modified their holdings of GFL. Berbice Capital Management LLC acquired a new position in GFL Environmental during the 2nd quarter valued at about $25,000. Sunbelt Securities Inc. bought a new stake in shares of GFL Environmental during the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in shares of GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock worth $37,000 after buying an additional 219 shares during the period. Compass Financial Services Inc boosted its position in shares of GFL Environmental by 63.0% during the second quarter. Compass Financial Services Inc now owns 820 shares of the company’s stock worth $41,000 after buying an additional 317 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 64.70% of the company’s stock.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.